TORONTO, Jan. 22, 2013 /CNW/ - A Hearing Panel of the MFDA's Pacific Regional Council has issued its
Decision and Reasons (Misconduct) in connection with a disciplinary
hearing held in Vancouver, British Columbia in respect of Enzo Devuono
(the "Respondent").

In its Decision and Reasons (Misconduct), the Hearing Panel found that
the first and second allegations made against the Respondent in the
Notice of Hearing had been established. The Hearing Panel directed that
submissions with respect to penalty will take place on a date and at a
venue to be announced.

The MFDA is the self-regulatory organization for Canadian mutual fund
dealers, regulating the operations, standards of practice and business
conduct of its 115 Members and their approximately 80,000 Approved
Persons with a mandate to protect investors and the public interest.